Quick Revision for Professional Ethics

CA Act 1949

FIRST SCHEDULE

Part I

1
Practice in his own name
-Not = CA
-Not = Partner/Employee

2
Pays/Agrees to pay

3
Accepts/Agrees to accept

4
Partnership
=CA
=Professional Body

5
Secures Biz
Either Not = Partner/Employee
Or = Means Not Open to a CA

6
Solicits Biz (C/A/I)
- From another CA
- Tender

7
- Advertises attainments
- Designation

8
Previous Auditor
(without communicating in writing)

9
Ascertain
Section 225 requirements

10
Audit Fees
not = f (findings)
not = f (profits)
except……

11
Biz other than CA unless
= General Permission
= Specific Permission

12
Allows to sign
Not = Member / Partner


Part II

1
Pays/Agrees to pay..
Share of Salary from employment

2
Accepts/Agrees to accept
Commision from….
Lawyer/broker/agent/customer


Part III

1
FCA

2
Not = Info/Requirement

3
Submits False Info
- Write-up
- Tender
- Inviting work from another CA



SECOND SCHEDULE

1
Discloses Confidential Info of Client
unless……..

2
Issues Certificate/Report…
(Without Examination)

3
Forecast..as if vouches for accuracy

4
Opinion on financial statement
Himself /Partner/Relative = Substantial Interest

5
Material Fact

6
Material Misstatement

7
Either Not = Due Diligence
Or = Negligence

8
Obtain Adequate Information for Opinion

9
Disclose in audit report….
Departure from audit procedure(GAAP)

10
Money..
- Separate Bank Account
- Usage for Purposes Mentioned

Part II

1
Provisions /Regulations/Guidelines
(Revise Notifications)

2
Employee CA
Discloses Confidential Info

3
Particulars submitted = false

4
Defalcate/Embezzle


I have designed this chart in a manner that would facilitate quick revision on the exam eve

Hope it serves your purpose well